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Cracker Barrel shares plummet after pushback on new logo, brand refresh
CNBC· 2025-08-21 18:02
Core Viewpoint - Cracker Barrel is undergoing a strategic transformation to revitalize its brand, which includes a new logo and updates to its visual elements, restaurant spaces, and offerings [1][2]. Brand Refresh - The new logo eliminates the image of a man leaning against a barrel and removes the phrase "old country store," leaving only the words "Cracker Barrel" on a yellow background [2]. - The brand refresh aims to maintain the company's "rich history of country hospitality" and "authentic charm" that has made it a beloved destination for families [3]. Market Reaction - Following the unveiling of the new logo, shares of Cracker Barrel Old Country Store dropped approximately 10% [2]. - The company has a market capitalization of about $1.2 billion, which is relatively small compared to other restaurant chains [5]. Social Media Backlash - The logo change has faced criticism on social media, particularly from conservative circles, with claims that it is an attempt to erase traditional American branding in favor of diversity and inclusion [4]. - Conservative activist Robby Starbuck commented on the backlash, suggesting that the company would learn that "wokeness really doesn't pay" [5].
X @The Wall Street Journal
Education Sector Focus - Billionaire Bill Ackman is showing interest in a private school [1] - The school avoids diversity, equity, and inclusion (DEI) lessons [1] - The school utilizes AI to accelerate children's learning within two hours [1]
X @The Wall Street Journal
Billionaire Bill Ackman has a new fascination: a private school that eschews lessons on diversity, equity and inclusion and uses AI to speed-teach children in two hours https://t.co/DXhsjzwkgE ...
X @Bloomberg
Bloomberg· 2025-07-09 18:35
Regulatory Compliance & Corporate Policy - T-Mobile rolled back diversity, equity, and inclusion policies [1] - The policy rollback aims to appease the FCC chairman [1] - FCC approval of merger deals is contingent on such policy adjustments [1]